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PURPOSE: to repeal Regulation (EEC) No 1192/69 of the
Council on common rules for the normalisation of the accounts of
railway undertakings.

LEGISLATIVE ACT: Regulation (EU) 2016/2337 of the
European Parliament and of the Council repealing Regulation (EEC)
No 1192/69 of the Council on common rules for the normalisation of
the accounts of railway undertakings.

CONTENT: this Regulation repeals Council
Regulation (EEC) No 1192/69, with the exception of the
provisions of that Regulation that apply to the normalisation of
accounts for Class IV cases covered by Annex IV to that Regulation.
Those provisions shall continue to apply until 31 December
2017.

Council Regulation (EEC) No 1192/69 allows Member
States to compensate 40 enumerated railway undertakings for the
payment of obligations which undertakings of other transport modes
do not have to support.

This Regulation is incompatible with the modern
organisation of the railway sector. It is however used to
compensate costs for crossing facilities. A transition period to
offset these costs is justified in order to ensure a smooth
transition towards the new system.